Montana Code 33-17-1404. Responsibility — enforcement — penalties — scope
33-17-1404. Responsibility — enforcement — penalties — scope. (1) The limited lines travel insurance producer is the supervising entity responsible for the acts of the travel retailer and shall use reasonable means to ensure compliance by the travel retailer with the provisions of this part.
Terms Used In Montana Code 33-17-1404
- License: means a document issued by the commissioner that authorizes a person to act as an insurance producer for the lines of authority specified in the document. See Montana Code 33-17-102
- Limited lines travel insurance producer: means a:
(a)managing general agent or third-party administrator;
(b)licensed insurance producer, including a limited lines producer, designated by an insurer as the travel insurance supervising entity as set forth in 33-17-1404; or
(c)travel administrator. See Montana Code 33-17-1401
- Travel insurance: means insurance coverage for personal risks incident to planned travel, including but not limited to:
(i)interruption or cancellation of a trip or event;
(ii)loss of baggage or personal effects;
(iii)damages to accommodations or rental vehicles;
(iv)sickness, accident, disability, or death occurring during travel;
(v)emergency evacuation;
(vi)repatriation of remains; or
(vii)any other contractual obligations to indemnify or pay a specified amount to the traveler upon determinable contingencies related to travel as approved by the commissioner. See Montana Code 33-17-1401
- Travel retailer: means a business entity that makes, arranges, or offers travel services and that may offer and disseminate travel insurance as a service to its customers on behalf of and under the direction of a limited lines travel insurance producer. See Montana Code 33-17-1401
(2)A limited lines travel insurance producer and any travel retailer offering and disseminating travel insurance under the limited lines travel insurance producer’s license are subject to the enforcement provisions applicable to insurance producers generally.
(3)All other applicable provisions of the insurance code continue to apply to travel insurance, except that the specific provisions of this part supersede any general provisions of law that would otherwise be applicable to travel insurance.